Marsons Ltd

Marsons Ltd

₹ 42.9 2.00%
18 Apr - close price
About

Incorporated in 1976, Marsons Ltd
is engaged in manufacturing of transformers in the capacity range of 100 MVA 132KV class[1]

Key Points

Business Overview:[1][2]
MSL is an ISO 9001:2008 certified and
CPRI, ERDA, and NABL accredited, multi
product and service organization engaged
in manufacturing, supplying, erecting, testing, and commissioning of Power and Distribution transformers of various ratings, which include 10 KVA, 50 MVA 132 kV class, up to the range of 160 MVA 220 kV class.

  • Market Cap 601 Cr.
  • Current Price 42.9
  • High / Low 42.9 / 4.95
  • Stock P/E 166
  • Book Value 0.97
  • Dividend Yield 0.00 %
  • ROCE 0.85 %
  • ROE -216 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 44.1 times its book value
  • Promoter holding has decreased over last quarter: -0.48%
  • Company has a low return on equity of -156% over last 3 years.
  • Earnings include an other income of Rs.5.37 Cr.
  • Company has high debtors of 756 days.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 0.00 0.00 0.02 0.00 0.65 0.10 0.07 1.83 2.57 0.23 1.80 0.65
0.17 0.47 0.27 0.35 0.33 0.74 0.45 0.46 1.39 0.96 0.50 1.29 0.33
Operating Profit -0.17 -0.47 -0.27 -0.33 -0.33 -0.09 -0.35 -0.39 0.44 1.61 -0.27 0.51 0.32
OPM % -1,650.00% -13.85% -350.00% -557.14% 24.04% 62.65% -117.39% 28.33% 49.23%
0.07 0.24 0.30 0.31 0.34 -0.01 0.32 0.37 0.37 5.23 0.01 0.12 0.01
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.16 0.00 0.00 0.00
Depreciation 0.41 0.40 0.30 0.30 0.30 0.30 0.22 0.23 0.23 0.22 0.17 0.17 0.18
Profit before tax -0.51 -0.63 -0.27 -0.32 -0.29 -0.40 -0.25 -0.25 0.58 3.46 -0.43 0.46 0.15
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.51 -0.63 -0.28 -0.32 -0.30 -0.40 -0.25 -0.25 0.59 3.46 -0.43 0.45 0.15
EPS in Rs -0.04 -0.05 -0.02 -0.03 -0.02 -0.03 -0.02 -0.02 0.05 0.28 -0.03 0.03 0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
115.53 50.61 54.68 72.16 103.08 99.99 16.70 0.35 0.00 0.33 1.59 4.56 5.25
104.18 41.81 46.27 64.22 90.28 97.32 63.98 19.62 0.64 0.91 1.58 3.52 3.08
Operating Profit 11.35 8.80 8.41 7.94 12.80 2.67 -47.28 -19.27 -0.64 -0.58 0.01 1.04 2.17
OPM % 9.82% 17.39% 15.38% 11.00% 12.42% 2.67% -283.11% -5,505.71% -175.76% 0.63% 22.81% 41.33%
2.67 1.10 0.57 5.01 1.42 1.00 -7.97 -0.91 -0.08 0.00 0.02 6.29 5.37
Interest 9.08 8.28 7.14 13.73 7.68 10.09 4.98 0.02 0.00 0.01 0.11 3.16 3.16
Depreciation 1.62 1.26 0.96 4.03 3.11 1.71 4.52 3.14 2.26 1.64 1.21 0.90 0.74
Profit before tax 3.32 0.36 0.88 -4.81 3.43 -8.13 -64.75 -23.34 -2.98 -2.23 -1.29 3.27 3.64
Tax % 33.43% -108.33% 73.86% 1.04% -20.99% -22.26% 0.00% 7.54% 0.00% 0.00% 0.00% 0.00%
2.20 0.74 0.24 -4.76 4.15 -9.94 -64.76 -21.58 -2.99 -2.23 -1.29 3.27 3.63
EPS in Rs 0.88 0.30 0.10 -1.90 1.66 -3.98 -25.90 -8.63 -0.24 -0.18 -0.10 0.26 0.29
Dividend Payout % 11.36% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -28%
5 Years: -23%
3 Years: %
TTM: 98%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: -2%
TTM: 1310%
Stock Price CAGR
10 Years: 19%
5 Years: 90%
3 Years: 55%
1 Year: 546%
Return on Equity
10 Years: %
5 Years: %
3 Years: -156%
Last Year: -216%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 12.50 12.50 12.50 12.50 14.00
Reserves 27.35 27.52 27.50 22.79 26.94 -7.53 -72.28 -94.02 -9.08 -11.31 -12.75 -9.48 -0.38
36.63 40.02 49.17 67.44 71.29 76.26 86.20 84.28 22.39 22.89 22.66 14.51 7.66
41.16 94.03 85.41 44.45 102.48 43.73 37.29 22.79 0.31 0.54 0.89 5.90 3.30
Total Liabilities 130.14 186.57 187.08 159.68 225.71 137.46 76.21 38.05 26.12 24.62 23.30 23.43 24.58
26.90 26.27 25.17 32.87 29.87 28.69 24.17 20.88 18.76 17.11 15.91 13.22 12.93
CWIP 1.30 1.34 1.35 0.02 0.00 0.12 0.14 0.14 0.00 0.00 0.00 0.00 0.00
Investments 10.35 10.33 10.33 9.82 37.45 12.19 2.74 0.00 0.00 0.00 0.00 0.00 0.00
91.59 148.63 150.23 116.97 158.39 96.46 49.16 17.03 7.36 7.51 7.39 10.21 11.65
Total Assets 130.14 186.57 187.08 159.68 225.71 137.46 76.21 38.05 26.12 24.62 23.30 23.43 24.58

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5.04 6.29 -2.37 -3.03 27.14 4.24 -6.58 0.85 -13.37 -0.50 0.34 0.10
-1.53 -0.83 0.17 -5.87 -24.59 -0.56 1.33 -0.01 3.14 0.00 0.00 8.09
-4.87 -4.91 2.18 7.69 -3.30 -3.99 5.25 -1.91 10.34 0.49 -0.39 -8.18
Net Cash Flow -1.36 0.55 -0.02 -1.21 -0.75 -0.31 -0.01 -1.07 0.11 0.00 -0.05 0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 115.66 558.50 550.04 320.74 371.80 144.04 907.47 10,126.14 7,864.09 1,586.26 756.41
Inventory Days 175.15 637.37 528.02 300.56 312.68 200.28 2.35 0.00 78.21 39.40
Days Payable 126.62 915.79 684.87 159.45 537.20 127.30 189.71 964.64 309.01
Cash Conversion Cycle 164.19 280.08 393.18 461.84 147.28 217.03 720.12 10,126.14 7,864.09 699.83 486.81
Working Capital Days 148.08 352.09 404.85 358.93 193.51 194.97 274.08 -6,017.29 7,499.09 1,455.41 332.98
ROCE % 14.18% 9.52% 8.41% 8.22% 1.81% -77.21% -75.97% -13.88% -8.90% -5.03% 0.85%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
96.38% 96.38% 96.38% 96.38% 96.38% 75.00% 75.00% 75.00% 66.90% 66.72% 66.72% 66.24%
3.62% 3.62% 3.62% 3.62% 3.62% 25.01% 25.01% 25.00% 33.11% 33.27% 33.28% 33.76%
No. of Shareholders 11,24711,00310,92310,91310,89811,33211,64811,58811,68311,92812,44212,955

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